Symantec’s Info Mgmt Spinoff Selects ‘Veritas Technologies’ Name; Michael Brown Comments

Michael A. Brown
Michael A. Brown

Symantec has said the independent information management company to form from the company’s split announced in October will be called Veritas Technologies and that the security business will retain the Symantec name.

The company said Wednesday Veritas will have its own logo that represents the strategy toward “open, heterogeneous technologies.”

“While the name recalls the company’s heritage, the new logo signals that Veritas is ready to solve the most critical information challenges facing our customers today and tomorrow,” added Michael Brown, president and CEO of Symantec.

The new publicly traded company’s portfolio includes storage management, backup and recovery, clustering, archiving and e-discovery, which generated a revenue of $2.5 billion in the past fiscal year.

Symantec said Veritas will work to deliver information availability and insight and leverage hybrid cloud environments.

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